Imaflex (CVE:IFX) Stock Price Up 109.2% – Should You Buy?

by · The Cerbat Gem

Imaflex Inc. (CVE:IFX – Get Free Report)’s share price rose 109.2% during mid-day trading on Thursday . The company traded as high as C$2.30 and last traded at C$2.28. Approximately 137,109 shares traded hands during mid-day trading, an increase of 545% from the average daily volume of 21,246 shares. The stock had previously closed at C$1.09.

Imaflex Trading Up 109.2%

The company’s 50-day moving average is C$1.11 and its 200-day moving average is C$1.21. The company has a debt-to-equity ratio of 16.73, a quick ratio of 1.68 and a current ratio of 2.85. The firm has a market cap of C$118.76 million, a price-to-earnings ratio of 99.13 and a beta of -0.24.

About Imaflex

(Get Free Report)

Imaflex Inc, together with its subsidiaries, develops, manufactures, and sells flexible packaging materials for industrial and agriculture markets in Canada, the United States, and internationally. It offers metallized plastic films; polyethylene films and bags; agricultural films, including mulch, solarization, fumigation, compostable, and crop protection films; converter films; and industrial bags, such as garbage, compostable, and gaylord bags, as well as bags on rolls.

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